MIRA
INFORM REPORT
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Report Date : |
10.01.2007 |
IDENTIFICATION
DETAILS
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Name : |
ISABELLE INT'L FASHION ASSOCIATE CO LTD |
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Registered Office : |
1FL,
98 Chung Shan North Rd Section 5, Shihlin Dist Taipei City 111 |
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Country : |
Taiwan |
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Date of Incorporation : |
27.07.1984 |
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Com. Reg. No.: |
07726014 |
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Legal Form : |
Private Limited Company |
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Line of Business : |
Designing,
importing, and domestic sales of lady's fashion wear. |
RATING & COMMENTS
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MIRA’s Rating : |
Ba |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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41-55 |
Ba |
Overall operation is considered normal.
Capable to meet normal commitments. |
Satisfactory |
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Maximum Credit Limit : |
USD 75,000 |
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Status : |
Satisfactory
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Payment Behaviour : |
No
Complaints |
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Litigation : |
Clear |
NAME
ISABELLE INT'L FASHION ASSOCIATE CO LTD
ADDRESS
1FL, 98
CHUNG SHAN NORTH RD SECTION 5
SHIHLIN
DIST TAIPEI CITY 111, TAIWAN
TEL:886-2-88613778 FAX:886-2-88613776
EXECUTIVE SUMMARY
INCORPORATION DATE :
JULY 27, 1984
REGISTRATION NO. :
07726014
LEGAL FORM :
PRIVATE LIMITED COMPANY
CHIEF EXECUTIVE :
MS. ISABELLE CHING-CHU WEN (CHAIRMAN)
STAFF STRENGTH :
35
CAPITAL :
US$ 306,279
BUSINESS LINE :
IMPORTER
TURNOVER :
N/A (AS OF DEC. 31, 2005)
EQUITIES :
N/A (AS OF DEC. 31, 2005)
PAYMENT :
AVERAGE
RECOMM. CREDIT RANGE :
USD 75,000
MARKET CONDITION :
COMPETITIVE
FINANCIAL CONDITION :
STABLE
OPERATIONAL TREND : STEADY
GENERAL REPUTATION :
AVERAGE
EXCHANGE RATE :
TWD 32.65691 = US$1 AS OF 2007-1-9
Adopted abbreviations:
ANS -
amount not stated
NS - not
stated
SC -
subject company (the company inquired by you)
NA - not
available
M -
million
TWD
–Taiwan New Dollars
*Company
Registration*
===================
License
number : 07726014
Date
issued : 27 July, 1984
Issuing
authority : Ministry of Economic
Affairs (MOEA)
*Registered
Office*
===============
Although
the company is operating its main business from the address listed above, the
actual business license is legally registered at:
Address : 1Fl, 118 Ta An Rd Section 1, Ta-an District,
Taipei City, 106
*Office
& Facilities*
================
Size : 77 sq. meters
Location : Taipei City
Property
status : Rented
Facilities : Modern
Type of
building : Commercial
Comments : Serve as office, designing center, and warehouse.
Previous
address : 1Fl, 7, Alley 69, Lane 161,
Tun Hua S Rd Section 1, Sungshan Dist, Taipei City, 105
*Corporate
& Organization Structure*
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A small
company operated and managed by an owner of the firm.
*Reputation*
==========
Reference
checking for the purpose of establishing the firm's reputation within the
respective industry failed to reveal any negative information.
SC is not known to host website of its own at present.
For the
past two years there is no record of litigation.
*Major
Shareholders*
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Shareholder's
Name % of
Shares
-------------------------- ----------------
Ms.
Isabelle Ching-chu Wen
99.00
Name Nationality
Job Description
Ms.
Isabelle Ching-chu Wen Taiwanese General Manager
Ms. Lily
Ching-yu Wen Taiwanese General Manager
*Key
Personnel*
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Ms. Isabelle
Ching-chu Wen
Founder : Sole-founder
Resident
status : Taiwan
Responsibilities : Handles the daily operation of the firm
including all financials and legal matters.
Work
experience : More than 20 years.
*Main
Products & Services*
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Specializes
in designing, importing, and domestic sales of lady's fashion wear.
Products
: Coats
Embroideries
Jacket
Mink
furskin articles
Ladies'
fashion wear
Brand
Isabelle Wen
*Payment
Terms*
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Sales
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Local : Cash
30-60 days credit
Purchases
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Local : Cash
30-90 days credit
Import :
Letter of Credit (L/C)
Telegraphic Transfer (T/T)
*Competitors*
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The following
locally based companies supply similar range of products :
-
ATTRACTIVE FASHION CO LTD
-
EMPORIO TRADE CO LTD
- LEADER
FASHION TEXTILE CO LTD
-
NOBLESSE FASHION COLLECTION CO LTD
- YAMANI
INT'L INC
*Local
Distribution Network*
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100% of
the annual turnover is attributed to local sales.
*Export
Markets*
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There is
no record of export since the prime focus of the firm's activity is
concentrated on local sales only.
*LOCAL
BRANCHES & MANAGEMENT*
=================================
Branch :
ISABELLE INT'L FASHION ASSOCIATE CO LTD - TAIPEI CITY
Branch
Address : 1Fl, 118 Ta An Rd Section 1
Branch
Zip : 106
Branch
Suburb : Ta-an Dist
Branch
City : Taipei City
Branch
Tel : [+886] 2-27719021
Branch :
ISABELLE INT'L FASHION ASSOCIATE CO LTD - TAIPEI CITY
Branch
Address : 1Fl, 97 An Ho Rd Section 1
Branch
Zip : 106
Branch
Suburb : Ta-an Dist
Branch
City : Taipei City
Branch
Tel : [+886] 2-27056740
PAYMENT RATING : 3 OBTAINED SCORES : 59
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Rating Key |
Implication |
Implications |
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1 |
Scores
85–100 |
Excellent |
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2 |
Scores
75 – 84 |
Above
Average |
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3 |
Scores
50 – 74 |
Average |
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4 |
Scores
35 – 49 |
Fair |
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5 |
Scores
15 – 34 |
Below
Average |
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6 |
Scores
01 – 14 |
Poor |
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NR |
No
Data |
No
Data |
The
rating indicates the payment pattern of SC based upon our Payment Database,
comments from suppliers of SC, information from banks (if available), as well
as industrial sources.
Dealings
on open terms may be possible for MODERATE amounts depending on individual
judgement experience.
As a
private limited company with a paid-up capital of less than USD 6 million,
there is no legal requirement according to Taiwan corporate law for public
disclosure of detailed financials.
*Bank
Details*
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Bank : CATHAY UNITED BANK
Branch : 65 Kuan Chien Rd
Swift
code : UWCBTWTP
*Int´l
Trade Activity (Currency: U.S. $'s)
==============================
Year Imports Exports
Total
2003 $600,000.00 n/a $600,000.00
2004 $700,000.00 n/a $700,000.00
2005 $800,000.00 n/a $800,000.00
Over the
past 23 years, SC has made a stable growth with satisfactory profit. It is
considered a credit line up to USD75,000 appears to be within SC’s capacities.
Attached:
trade references
SIC
PRODUCT CLASSIFICATION & ACTIVITY
Activity
Code Product/Service Description
Importing 2300
Apparel/Other Textile
Products
Importing 2371
Fur goods
Importing 2389
Apparel and accessories
Importing 2395
Embroideries, wholly or in
chief weight textile fibers
Trading 2300
Apparel/Other Textile
Products
Trading 2371 Fur
goods
Trading 2389
Apparel and accessories
Trading 2395
Embroideries, wholly or in
chief weight textile fibers
HARMONIZED
PRODUCT CLASSIFICATION & ACTIVITY
Activity
Code Product/Service Description
Importing 4203100010
Coats & jackets (not of reptile
leather)
Importing 4303100030
Mink furskin articles of apparel and
clothing accessories
Importing 5810990000
Embroidery in the piece, in strips
or in motifs: other embroidery of textile
materials
Importing 6114
Garments, knitted or
crocheted
Importing 6217
Made-up clothing access,
garment etc parts
Trading 4203100010
Coats & jackets (not of reptile
leather)
Trading 4303100030
Mink furskin articles of apparel and
clothing accessories
Trading 5810990000
Embroidery in the piece, in strips
or in motifs: other embroidery of textile
materials
Trading 6114
Garments, knitted or
crocheted
Trading 6217
Made-up clothing access,
garment etc parts
DETAILED
PRODUCT CLASSIFICATION & ACTIVITY
Activity Product/Service
Description
Importing Garments
Service Garment
designing
Trading Coats
Trading Embroideries
Trading Jacket
Trading Mink
furskin articles
Trading Ladies'
fashion wear
Trading Garments
INTERNATIONAL
TRADE : ACTIVITY & MARKETS
Importing
from Asia
Importing
from China
Importing
from India
Importing
from North America
Importing
from USA
RATING EXPLANATIONS
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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>86 |
Aaa |
Possesses an extremely sound financial
base with the strongest capability for timely payment of interest and
principal sums |
Unlimited |
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71-85 |
Aa |
Possesses adequate working capital. No
caution needed for credit transaction. It has above average (strong)
capability for payment of interest and principal sums |
Large |
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56-70 |
A |
Financial & operational base are
regarded healthy. General unfavourable factors will not cause fatal effect.
Satisfactory capability for payment of interest and principal sums |
Fairly Large |
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41-55 |
Ba |
Overall operation is considered normal.
Capable to meet normal commitments. |
Satisfactory |
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26-40 |
B |
Unfavourable & favourable factors
carry similar weight in credit consideration. Capability to overcome
financial difficulties seems comparatively below average/normal. |
Small |
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11-25 |
Ca |
Adverse factors are apparent. Repayment of
interest and principal sums in default or expected to be in default upon
maturity |
Limited with full security |
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<10 |
C |
Absolute credit risk exists. Caution
needed to be exercised |
Credit not recommended |
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NR |
In view of the lack of information, we
have no basis upon which to recommend credit dealings |
No Rating |
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